Nasdaq, Inc. (NASDAQ:NDAQ) EVP Jeremy Skule sold 865 shares of the company’s stock in a transaction on Thursday, January 13th. The stock was sold at an average price of $193.35, for a total value of $167,247.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Jeremy Skule also recently made the following trade(s):
- On Monday, December 13th, Jeremy Skule sold 865 shares of Nasdaq stock. The stock was sold at an average price of $206.18, for a total value of $178,345.70.
- On Monday, November 15th, Jeremy Skule sold 865 shares of Nasdaq stock. The stock was sold at an average price of $209.10, for a total value of $180,871.50.
Shares of NDAQ traded down $1.08 during mid-day trading on Friday, hitting $186.14. 1,648,928 shares of the company traded hands, compared to its average volume of 1,151,792. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a 50-day moving average price of $203.94 and a two-hundred day moving average price of $196.04. Nasdaq, Inc. has a 1 year low of $134.21 and a 1 year high of $214.96. The stock has a market cap of $31.13 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 2.06 and a beta of 0.83.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 17th. Shareholders of record on Friday, December 3rd were issued a dividend of $0.54 per share. The ex-dividend date was Thursday, December 2nd. This represents a $2.16 dividend on an annualized basis and a yield of 1.16%. Nasdaq’s dividend payout ratio is currently 31.49%.
A number of hedge funds have recently made changes to their positions in NDAQ. Meeder Asset Management Inc. increased its holdings in Nasdaq by 33.9% during the second quarter. Meeder Asset Management Inc. now owns 245 shares of the financial services provider’s stock valued at $43,000 after buying an additional 62 shares during the last quarter. Total Clarity Wealth Management Inc. purchased a new stake in Nasdaq during the third quarter valued at approximately $58,000. AdvisorNet Financial Inc purchased a new stake in Nasdaq during the third quarter valued at approximately $64,000. Berman Capital Advisors LLC increased its holdings in Nasdaq by 27.2% during the third quarter. Berman Capital Advisors LLC now owns 439 shares of the financial services provider’s stock valued at $84,000 after buying an additional 94 shares during the last quarter. Finally, MUFG Americas Holdings Corp purchased a new stake in Nasdaq during the third quarter valued at approximately $95,000. 71.77% of the stock is owned by institutional investors and hedge funds.
NDAQ has been the topic of several recent research reports. The Goldman Sachs Group cut Nasdaq from a “neutral” rating to a “sell” rating and set a $190.00 price target on the stock. in a research note on Tuesday, January 4th. Bank of America assumed coverage on Nasdaq in a research note on Thursday, December 16th. They issued a “buy” rating and a $266.00 price target on the stock. Citigroup increased their target price on Nasdaq from $193.00 to $203.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 19th. They noted that the move was a valuation call. Morgan Stanley increased their target price on Nasdaq from $250.00 to $252.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Rosenblatt Securities increased their target price on Nasdaq from $220.00 to $224.00 and gave the stock a “neutral” rating in a research note on Friday, December 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $207.31.
Nasdaq, Inc is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information and public & private company services. It operates through the following segments: Market Services, Corporate Services, Information Services and Market Technology. The Market Services segment includes its equity derivative trading and clearing, cash equity trading, FICC and trade management services businesses.
See Also: What is an inverted yield curve?
Receive News & Ratings for Nasdaq Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nasdaq and related companies with MarketBeat.com's FREE daily email newsletter.